The day traders may consider going long in Nifty futures if the index trades above 8230 to book profits when the index is at 8262. They may short the Nifty futures if the index trades below 8200 to cover when the index is at 8183.
The short term traders may keep in mind that the resistances for Nifty are at 8338, 8424, 8467 and 8520. The supports are at 8152, 8140, 8075 and 8053. They may trade accordingly.
The mid term investors may consider buying Hindalco in small quantities at 173.60.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
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